ACC Archives

Tag: Europe
Europe Steps Up the Money Printing

Mario Draghi, the head of the European Central Bank, has announced that the ECB will soon begin a program of “unlimited” bond buying from economically troubled member countries. Spain and Italy look to be the first up. This is quantitative easing European style. Europe...

Trust Chinese Economic Numbers at Your Peril

We have referred to China as the ultimate crony capitalist state and Wolf Richter over at Testosterone Pit seems to agree. He explains that despite what we hear coming out of China officially, even though the government sanctioned numbers solidly...

The Rise of Crony Capitalism and Angry Young Men

In the attached piece Bill Bonner, a contributor to Forbes.com, discusses the alienation that comes from crony capitalism. He makes the excellent point that “democracy” (for the record not always a good thing but better than most systems) bears little...

New EU Leaders Largely Goldman Alums

Mario Monti, the new prime minister of Italy, Lucas Papademos, new prime minister of Greece, and Mario Draghi, new head of the European Central Bank, and arguably  the single most powerful person in Europe, all have this in common: they...